Agreement - New Construction Pilot Housing Subsidy Program in the Sherman Harrison Area– Urban Enterprise Association of South Bend, Inc.

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AGREEMENT FOR PROGRAMS AND SERVICES WITH URBAN ENTERPRISE ASSOCIATION OF SOUTH BEND, INC. (PILOT HOUSING SUBSIDY PROGRAM NEW RESIDENTIAL CONSTRUCTION TARGET AREA PROGRAM) 2019 THIS AGR EEMENT (this "Agreement") is made effective the day of , 2019 (the "Effective Date"), by and between the CITY OF SOUTH BEND, INDIANA, a municipal corporation organized and operating under the laws of the State of Indiana, acting by and through its Board of Public Works (the "City") and the URBAN ENTERPRISE ASSOCIATION OF SOUTH BEND, INC. (the "Organization"). RECITALS WHEREAS, the City finds that improving the environment, aesthetic appeal, and vitality of its neighborhoods will encourage additional investment in the surrounding neighborhoods, and in the City more generally; and WHEREAS, the investment necessary to improve the environment, aesthetic appeal, and vitality of its traditional neighborhoods to prevent or eliminate blighted conditions and to encourage the necessary additional investment in these places could not occur through regulatory processes or the ordinary operations of private enterprise without public involvement; and WHEREAS, the City finds that the area listed at + L�endji2:...j (the "Target Area") is vital to the City and its surrounding neighborhoods and that providing for additional investment in this area will serve the surrounding neighborhoods and the residents of the City; and WHEREAS, in light of the foregoing, the City desires to provide for the establishment, development, and administration of a Partnership to construct residential development options commonly described as the New Residential Construction Target Area Program and more particularly described at Exhibit A (the "Program") to serve the neighborhood; and WHEREAS, the Organization is an Indiana not -for -profit corporation and pursuant to its Articles and Bylaws is organized and operated exclusively to benefit, perform, and carry out the charitable, scientific, and educational purposes of the City of South Bend, Indiana, and in furtherance thereof to conduct such programs and activities in and around the City, especially within the Enterprise Zone, as will (a) relieve the poor and distressed or the underprivileged, (b) advance education or science, (c) erect or maintain public buildings, monuments, or works, (d) lessen the burdens of government, (e) lessen